Canadian international merchandise trade:

  • Prior was -$2.7B (revised to -$2.49B)
  • Exports +0.4%
  • Imports -0.7%

Some better trade numbers will please the Bank of Canada but you'd like to see it improving on strong exports, not sliding imports.

A weak currency, however, is usually felt first in imports. It takes a longer time for exporters to invest, ramp up, and sell.